The benchmark would keep fighting with this resistance zone in the coming days especially when investors were trying to escape from risky assets and shelter in safe havens such as gold and bonds, the company forecast. … [Read more...] about VN stocks fall as investors look for short-term profits
South Korea reported 52 new virus infections on Friday, while the number of new cases in mainland China also jumped, escalating fears over the impact of the epidemic that has already prompted regional central banks to cut growth targets and lower interest rates. … [Read more...] about SE Asia Stocks-Most fall as new coronavirus cases jump; Indonesia down 1pct
In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
HCM City (VNA) – The People’s Court of Ho Chi Minh City opened the first instance trial on June 25 for former deputy governor of the State Bank of Vietnam (SBV) Dang Thanh Binh on the charge of lack of responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB). Other defendants tried for the same charge include Ha Tan Phuoc (former head of the supervision group and deputy director of the SBV branch in Long An province), Pham The Tuan (former deputy head of the supervision group), Le Van Thanh (former general inspector of the SBV branch in Long An) and Ngo Van Thanh (ex-member of the supervision group). The jury summoned nearly 20 people with related rights and obligations at the court, including Pham Cong Danh (former chairman of the Board of Directors of VNCB) and Phan Thanh Mai (former general director of VNCB), along with representatives from the SBV and the SBV branch in Long An. According to the indictment, Ha Tan … [Read more...] about Former State Bank deputy governor tried for irresponsibility
HCM City (VNS/VNA) - The Ho Chi Minh City People’s Committee has approved the construction of three plants to generate electricity from waste using advanced technologies, and work on them will start in September and October, according to the municipal Department of Natural Resources and Environment. Speaking at a press conference on August 26, the department’s director Nguyen Toan Thang said the plants are expected to start running on a trial basis in September next year, and process 50 percent of the city’s solid waste to produce power. They will come up at existing solid waste treatment facilities in Cu Chi district run by the Tam Sinh Nghia Investment Development JSC., Vietstar Joint Stock Company and Tasco Joint Stock Company. “They would help ensure a healthy living environment and are needed for the city’s green and sustainable economic development.” Using advanced technologies to generate electricity at waste treatment plants is in … [Read more...] about HCM City approves three waste-to-energy projects